Interest on delayed payment of VAT/CST in Andhra Pradesh

[Rajeswara Reddy Dandu]

Hi evereyone,

Can anyone please tell me the rate of Interest on delayed payment of VAT/CST in Andhra Pradesh

Regards

[YAGAY and SUN]

Dear Rajeshwara,

Please check Section 22(2) of APVAT Act, 2005.

Regards,

YAGAY and SUN

(Management and Indirect Tax Consultants)

AI Summary

Interest on delayed VAT/CST payments is governed by statutory provision; consult Section 22(2) for the applicable interest rate.
Interest on delayed payment of VAT/CST in Andhra Pradesh is governed by Section 22(2) of the APVAT Act, 2005. The query requested the applicable interest rate for late payment, and the reply directed the enquirer to consult Section 22(2) of the APVAT Act as the authoritative provision setting out the rate and conditions.